CNBC | Oil Futures Fall In European Trade Wall Street Journal A global oversupply of the commodity, coupled with tepid demand, has driven oil down more than 50% since last summer. In January alone, Nymex WTI lost 9.4% and has been down for seven consecutive months. Brent, the global oil benchmark, lost 7.6% ... UPDATE 6-Oil prices fall on weak Chinese manufacturing, US refinery strikes Railways reduce shipping load on drop in oil prices Oil prices fall after last week's surge, strike action |